Personal Loans | Direct Lender Loans | Fair Finance (2024)

FAQs

What is the easiest company to get a personal loan? ›

Some of the easiest loans to get approved for if you have bad credit include payday loans, no-credit-check loans, and pawnshop loans. Before you apply for an emergency loan to obtain funds quickly, make sure you read the fine print so you know exactly what your costs will be.

Secured and unsecured personal loans are available through banks, credit unions and online lenders. Different personal loan types are available for a wide range of purposes. You're not alone if you're considering a personal loan to get over a financial setback or consolidate debt.

The easiest banks to get a personal loan from are USAA and Wells Fargo. USAA does not disclose a minimum credit score requirement, but their website indicates they consider people with scores below 640, so even people with bad credit may be able to qualify.

To qualify for a personal loan, borrowers generally need a minimum credit score of at least 580 — though certain lenders have even lower requirements than that. However, your chances of getting a low interest personal loan rate are much higher if you have a “very good” or “excellent” credit score of 740 and above.

Hardship personal loans are a type of personal loan intended to help borrowers overcome financial difficulties such as job loss, medical emergencies, or home repairs. Hardship personal loan programs are often offered by small banks and credit unions.

Getting a personal loan with a co-signer that has a strong credit score and a solid income can boost your application. Your co-signer – ideally, a family member or close friend – will apply alongside you, and you'll both be responsible for repayment of the loan.

Traditional payday loans, offered online and by storefront lenders, can also provide money quickly, but they typically have such high interest rates that they're outlawed in some states. Many banks and credit unions now offer similar loans but with more reasonable interest rates, called Payday Alternative Loans (PALs).

HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours. If you've wondered how to get an instant loan, wonder no more.

Comparing banks vs. online lenders

Since getting a bank loan is often more rigorous, banks can typically offer lower interest rates and provide perks for existing customers. Online lenders are less regulated than banks, allowing for a faster application process and more lenient eligibility requirements.

Which bank is best for personal loans? ›

The easiest online loan to get is a personal loan with no credit check because the lender doesn't perform a hard inquiry into your credit history. The best no credit check loans are from 60MonthLoans since the company has loan amounts of $2,600 - $10,000, APRs of 19.09% - 35.83% and payoff periods of Up to 60 months.

Banks provide a secure and established lending environment, as well as an array of other financial services. If you need quick access to cash, personal loans from a bank can come with competitive interest rates and flexible repayment terms.